For Business Owners

Cavalier County JDA Revolving Loan Fund

This program offers loans at 3-5% interest. For more information please Contact Us.

Cavalier County Loan Pool

The Cavalier County Loan Pool loans up to $400,000. The partners in this loan pool are local banks and utilities including Cavalier County Rural Electric, Choice Financial, Farmers and Merchants State Bank, First State Bank of Munich, and Otter Tail.

For more information on the loan pool please Contact Us.

Langdon City Sales Tax Economic Development Fund

This program offers 0% interest on loans, possible grant, or interest buy-downs. To learn more please Contact Us.

Local Lenders

Financial assistance through local lenders who are experienced partners with the Bank of North Dakota and the Small Business Administration.

North Dakota Tax Incentives

For more information on North Dakota tax incentives click
here.    

Renaissance Zone

The North Dakota Renaissance Program, which is in place in Langdon, can allow up to a 5-year property tax exemption and a 5-year income tax exemption on a business.

Storefront Improvement Program

• Set-aside of $50,000 from Economic Development Sales Tax Fund.
• Funds will be structured as a 0% loan, payable in $100.00 monthly installments until the loan is satisfied.
• One-time effort to assist businesses most impacted by the 2005 3rd Street Improvement project in Langdon.
• Applicable to businesses with improvement projects that are not extensive enough to qualify for the Renaissance Zone program.
• Applicable to businesses located along the 5 blocks impacted by the 3rd Street project and to the alley on each side of those designated blocks.
• Up to $5,000.00 available to an individual business based on actual invoices.
• Applications are available at the Cavalier County Job Development Authority - County Courthouse.
• Applications must be submitted to CCJDA by 12/31/09 for work during 2009.  Applications will contain a contractor’s estimate and businesses will be reimbursed according to final costs.  A copy of the estimate and final invoice(s) will be filed with the CCJDA loan documents.
• Materials shall be purchased locally. If not possible, CCJDA’s Business Development Committee may give approval for outside purchases.
• The intent of the program is to improve property values and to encourage renovation that compliments the new look of 3rd Street.
• Work must be completed by 12/31/09.

For More Information Contact Us

For Homeowners

The City of Langdon offers incentives to individuals purchasing, building or remodeling homes. For more information on this program please visit the City of Langdon website by clicking here.

State/Federal Incentives/Assistance

For Business Owners

Bank of North Dakota

The Bank of North Dakota offers several programs to business owners including: The Bank of North Dakota Beginning Entrepreneur Guaranty Program, The Bank of North Dakota Business Development Loan Program, and the Bank of North Dakota Partnership in Assisting Community Expansion (PACE) Program. For more information please visit the Bank of North Dakota Website.

North Central Regional Planning Council

The North Central Regional Planning Council has a revolving loan fund. The amount of money that can be borrowed is determined by the amount of jobs that will be created. For more information on this program please contact the North Central Regional Planning Council by calling (701)662-8131.

North Dakota Department of Commerce

The North Dakota Department of Commerce has several program available to provide assistance to North Dakota businesses. For more information please visit the North Dakota Department of Commerce webpage.

Small Business Development Center

The Small Business Development Center(SBSC) is part of North Central Regional Planning Council in Devil's Lake. SBDC can help small businesses develop business plans. For more information please call SBDC at(701)662-8131 or Contact Us

USDA Rural Development

USDA Rural Development offers several program for small businesses. Some of these programs include, the USDA-RD Business and Industry Loan Guarantee, the Value-Added Producer Grant, Renewable Energy Systems and Energy Efficiency Improvement Grants and Guaranteed Loans, and Rural Economic Development Loan and Grant. For more information please visit their website, or call (701)-530-2037.

US Small Business Administration

The US Small Business Administration has a variety of program available for small businesses. For more information on these programs please visit the SBA website.